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The Liberal Democrats are proposing plans to increase the independence of the Bank of England by changing the way the Monetary Policy Committee members are appointed. The Lib Dems say the independence of the Bank is being compromised by the Chancellor&#39s power to appoint MPC members, who are directly responsible for the setting of interest […]

Wednesday, 25th October 2000.Fixed term: Five years.Fixed rate: 6.35 per cent.Minimum loan: £30,000.Maximum loan: Up to 90 per cent of valuation subject to no maximum.Income multiples: Three times principal income plus second or 2.5 times joint.Arrangement fee: £295.Redemption fee: Five per cent of amount repaid in year one, four per cent in year two, three […]

Portman Building Society is offering six new mortgages. The mortgages are a 5.99 per cent mortgage fixed until 1 February, 2006, a 5.75 per cent mortgage fixed until 1 February 2003, a 3.99 per cent mortgage fixed until 1 February 2003, a 5.75 per cent mortgage fixed until 1 February 2003 and a discount rate […]

The ability for IFAs and life offices to transact new business electronically has been something that has been promised for more years than I care to remember. At long last, that promise has turned into a reality.As I have reported here previously over the last 15 months, a number of life offices and IFA firms […]

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]

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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]

The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]

Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]